Real Estate Radar

October 2026 data · 40 suburbs

Inner Melbourne house prices map: median price by suburb

Median house and unit prices for 40 suburbs across the CBD, Richmond, South Yarra, St Kilda and nearby suburbs, from REA sales data for October 2026. The typical Inner Melbourne suburb has a median house price of $1.63m and a median unit price of $591k. Open the interactive map to see every suburb coloured by price and compare suburbs side by side.

Map of Inner Melbourne suburbs coloured by median house price, October 2026, in the Real Estate Radar Market Dashboard
Inner Melbourne suburbs coloured by median house price, October 2026. Open the interactive map to zoom, switch to units and compare suburbs.

Most expensive and most affordable Inner Melbourne suburbs

Ranked by median price among suburbs with a reported median in October 2026. Suburbs with few sales can move a lot from month to month.

Highest median house prices

  1. Toorak $4.75m
  2. Kooyong $4.54m
  3. Middle Park $3.02m
  4. East Melbourne $2.95m
  5. Malvern $2.69m
  6. Armadale $2.45m
  7. Albert Park $2.37m
  8. St Kilda West $2.31m
  9. Elwood $2.10m
  10. Malvern East $2.02m

Lowest median house prices

  1. Melbourne $550k
  2. Southbank $1000k
  3. Kensington $1.06m
  4. Flemington $1.10m
  5. Docklands $1.18m
  6. North Melbourne $1.23m
  7. Abbotsford $1.26m
  8. West Melbourne $1.32m
  9. Cremorne $1.33m
  10. Collingwood $1.33m

Highest median unit prices

  1. Kooyong $942k
  2. Albert Park $934k
  3. Toorak $915k
  4. Fitzroy $828k
  5. South Wharf $805k
  6. Alphington $788k
  7. Clifton Hill $735k
  8. Port Melbourne $720k
  9. East Melbourne $703k
  10. Fitzroy North $701k

Lowest median unit prices

  1. Carlton $335k
  2. Ripponlea $450k
  3. Parkville $456k
  4. Melbourne $460k
  5. Prahran $475k
  6. Kensington $480k
  7. Fairfield $490k
  8. North Melbourne $503k
  9. Burnley $515k
  10. St Kilda $518k

Median prices and growth by suburb

Median prices and growth come from REA sales data for October 2026, for all bedroom counts.3 mo, 6 mo and 12 mo compare the median price with three, six and twelve months earlier. Medians cover sales over the past 12 months, so changes move more slowly than monthly index reports.Suburbs with only a few sales can show big swings, so read large changes with care.

Every Inner Melbourne suburb with a reported median price in October 2026, with the change over 3, 6 and 12 months. Pick a council to narrow the list, and select a column heading to sort. A dash means no reported figure.

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HouseUnit
YarraAbbotsford$1.26m▼ −6.4%▲ +0.2%▼ −1.0%$525k▲ +1.3%▼ −0.9%▲ +1.1%
Port PhillipAlbert Park$2.37m▼ −4.1%▼ −0.8%▼ −3.2%$934k0.0%▲ +13.2%▲ +33.4%
YarraAlphington$1.84m0.0%▼ −1.2%▲ +12.2%$788k▲ +0.3%▼ −2.9%▼ −3.0%
StonningtonArmadale$2.45m▲ +5.0%▲ +5.4%▼ −3.9%$675k0.0%▲ +1.5%▼ −3.2%
YarraBurnley$1.39m▲ +1.3%▼ −2.8%▲ +9.9%$515k▼ −0.4%▼ −5.7%▼ −1.3%
MelbourneCarlton$1.35m▲ +1.2%▼ −4.6%▼ −0.4%$335k▲ +4.4%▲ +8.1%▲ +3.1%
YarraCarlton North$1.56m▲ +0.3%▼ −2.8%▼ −9.3%$660k▼ −2.9%▼ −7.4%▼ −5.7%
YarraClifton Hill$1.60m▼ −0.6%▼ −0.4%▲ +2.3%$735k0.0%▲ +8.9%▼ −1.3%
YarraCollingwood$1.33m▲ +0.2%▲ +4.9%▲ +10.8%$599k▼ −1.0%▼ −0.2%▼ −3.2%
YarraCremorne$1.33m▲ +10.8%▲ +7.7%▲ +7.9%$620k▼ −0.2%▼ −7.5%▲ +2.1%
MelbourneDocklands$1.18m▼ −14.2%▼ −13.2%▼ −32.2%$580k0.0%▼ −0.9%▼ −3.4%
MelbourneEast Melbourne$2.95m▲ +0.1%▼ −3.2%▲ +0.1%$703k▼ −2.7%▲ +1.5%▼ −3.7%
Port PhillipElwood$2.10m▲ +0.5%▼ −4.1%▼ −8.8%$630k▼ −3.1%▼ −2.5%▼ −1.4%
YarraFairfield$1.65m▼ −2.4%▼ −8.3%▲ +0.6%$490k0.0%0.0%▼ −8.8%
YarraFitzroy$1.42m▼ −6.8%▼ −8.3%▼ −20.5%$828k▲ +10.0%▲ +7.1%▲ +7.1%
YarraFitzroy North$1.65m▼ −1.1%▼ −2.1%▲ +3.4%$701k▼ −2.0%▲ +0.7%▲ +7.9%
MelbourneFlemington$1.10m▼ −0.2%▼ −3.1%▼ −3.1%$526k▲ +7.8%▲ +1.8%▼ −5.0%
MelbourneKensington$1.06m▼ −6.2%▼ −5.8%▼ −2.8%$480k▲ +0.5%▲ +5.8%▲ +0.5%
StonningtonKooyong$4.54m–––$942k▲ +5.8%▼ −1.9%▲ +28.2%
StonningtonMalvern$2.69m▲ +4.8%▲ +6.1%▼ −9.6%$654k▼ −1.7%▲ +0.9%▼ −2.5%
StonningtonMalvern East$2.02m0.0%▼ −6.7%▼ −3.3%$631k▲ +0.9%▲ +2.5%▲ +13.6%
MelbourneMelbourne$550k▲ +14.7%▲ +25.9%▼ −56.4%$460k0.0%0.0%▲ +0.9%
Port PhillipMiddle Park$3.02m▼ −3.5%▲ +1.0%▲ +18.6%$694k▼ −4.4%▼ −15.9%▼ −33.0%
MelbourneNorth Melbourne$1.23m▼ −2.8%▼ −4.7%▼ −2.4%$503k▼ −1.4%▲ +0.6%▲ +2.7%
MelbourneParkville$1.79m▲ +1.4%▲ +1.3%▲ +3.6%$456k▼ −4.6%▼ −3.1%▼ −10.7%
MelbournePort Melbourne$1.50m▼ −3.1%▼ −3.7%▼ −5.2%$720k0.0%▲ +2.1%▲ +4.0%
StonningtonPrahran$1.63m▲ +1.1%▲ +1.6%▼ −3.9%$475k▲ +0.6%▼ −5.0%▼ −6.9%
YarraPrinces Hill$1.91m0.0%▲ +0.5%▲ +9.5%$690k–––
YarraRichmond$1.34m▼ −0.4%▼ −2.0%▼ −2.9%$549k▼ −3.5%▼ −2.0%▼ −3.7%
Port PhillipRipponlea$1.65m–––$450k0.0%▼ −9.1%▼ −21.1%
Port PhillipSouth Melbourne$1.65m▲ +7.6%▼ −2.3%▲ +12.7%$605k▼ −1.4%▲ +1.0%▲ +0.8%
MelbourneSouth Wharf––––$805k–––
StonningtonSouth Yarra$2.02m▲ +1.8%▼ −2.2%▼ −8.0%$530k▼ −1.9%▼ −7.0%▼ −7.8%
MelbourneSouthbank$1000k–––$540k▼ −0.9%▲ +0.9%▼ −2.7%
Port PhillipSt Kilda$1.59m▲ +4.5%▼ −4.0%▼ −0.4%$518k▲ +0.6%▲ +2.6%▲ +1.6%
Port PhillipSt Kilda East$1.69m▼ −1.8%▼ −0.9%▲ +0.5%$583k0.0%▼ −0.9%▲ +0.4%
Port PhillipSt Kilda West$2.31m0.0%▼ −1.1%0.0%$575k▲ +2.7%▲ +3.6%▲ +4.1%
StonningtonToorak$4.75m▲ +1.6%▼ −2.3%▼ −20.8%$915k▼ −3.7%▼ −3.2%▼ −7.6%
MelbourneWest Melbourne$1.32m▲ +1.8%▼ −3.7%▲ +2.6%$530k▼ −1.0%▲ +2.1%▲ +6.0%
StonningtonWindsor$1.54m▲ +10.8%▲ +9.8%▲ +10.0%$550k▲ +3.8%▲ +0.9%▲ +4.4%

Common questions

What is the median house price in Inner Melbourne?

Across the 39 Inner Melbourne suburbs with a reported median house price in October 2026, the middle suburb median is $1.63m. This is the median of suburb medians, not a single city-wide figure.

Which Inner Melbourne suburbs have the highest house prices?

In October 2026 the highest median house prices were in Toorak ($4.75m), Kooyong ($4.54m), Middle Park ($3.02m), East Melbourne ($2.95m), Malvern ($2.69m).

Where are the most affordable houses in Inner Melbourne?

In October 2026 the lowest median house prices were in Melbourne ($550k), Southbank ($1000k), Kensington ($1.06m), Flemington ($1.10m), Docklands ($1.18m). Units are often cheaper: the lowest unit medians were in Carlton ($335k), Ripponlea ($450k), Parkville ($456k).

Where does this data come from and how often is it updated?

Prices come from REA sales data and are refreshed monthly. This page covers the CBD, Richmond, South Yarra, St Kilda and nearby suburbs, using ABS 2021 suburb boundaries, and shows October 2026.